SBA Loan Operations Coordinator

Commercial Alliance provides a comprehensive suite of lending services designed to help credit unions succeed with business members across six states. We are looking for an enthusiastic, self motivated professional to assist with SBA operations.

The SBA Loan Operations Coordinator supports the SBA 7a operations for Partner Credit Unions ensuring SBA compliance for new and existing lending relationships. This position is responsible for various operational functions, including 1502 reporting, reviewing post-closing draw requests for SBA eligibility, and assisting with application submission to SBA via e-Tran, among other responsibilities.

Essential Duties And Responsibilities

• Prepare monthly 1502 Report for Partner Credit Unions, including responding to Fiscal Transfer Agent (FTA) questions and errors
• Prepare standalone 1502 Reports for prepayments
• Providing appropriate 10-day notice to FTA for incoming loan payoffs
• Reviewing post-closing draw requests for SBA compliance and coordinate loan disbursements
• Drafting E-Tran for SBA 7a loans after internal approval
• Managing Referral Agreements for Loan Referral Agents
• Performing post-closing file reviews for all SBA 7a loans
• Preparing loan sale package for sale on secondary market and coordinating with loan purchaser on settlement details
• Assist with compiling requested information for any Partner Credit Union undergoing SBA reviews
• Review system-generated reports for SBA 7a loan portfolio for ongoing loan quality
• Provide other support on SBA 7a loans as time permits
• Required Skills/Abilities:
• Working knowledge of SBA SOP 50 10
• Familiarity with preparation of 1502 reports
• Understanding of internal policies and regulations.
• Demonstrates confidence, assertiveness, and professionalism.
• Strong organizational skills with attention to detail. Attentive to follow-ups and taking initiative.
• Ability to understand and interpret deal structures and legal documents.
• Exceptional time management, communication, and problem-solving skills.
• Excellent attention to detail and accuracy.
• Basic computer skills with knowledge and ability to learn new systems to assist in organization of closings and correspondence with customers.
• Proficient with Microsoft Applications.
  
  

Education And Experience Required

2 years of SBA 7a lending experience working directly with business customers

Preferred

Bachelor’s Degree in Business Administration, Finance, or a related field.

Experience with FiServ Loan Accounting Software

Prior experience working directly with business customers

What We Offer

Commercial Alliance offers exciting and challenging opportunities to thrive in a dynamic, collaborative, and innovative environment. As a member of our team, you'll benefit from a competitive salary and comprehensive benefits package. Additionally, you'll have access to unique opportunities for professional and personal growth, along with recognition and rewarding experiences.

If you are a strategic thinker with a passion for delivering exceptional products and working in a fast-paced environment, we would love to hear from you. Apply today to join our team!